Principles of Political EconomyPrometheus Books, 2004 - 891 стор. The standard economics textbook for more than a generation, John Stuart Mill’s Principles of Political Economy (1848) was really as much a synthesis of his predecessors’ ideas as it was an original economic treatise. Heavily influenced by the work of David Ricardo, and also taking ideas from Adam Smith and Thomas Malthus, Mill systematically demonstrated how important economic concepts could be applied to real-world situations. In his emphasis on realism, Mill thus took economics out of the realm of the abstract and placed it squarely within the context of society. For instance, he made a convincing case that wages, rent, and profit are not necessarily the expression of immutable laws that are independent of society. Rather, they are in actuality the results of social institutions and as such can be changed if the members of a society move to break traditional institutional habits. Reflecting his utilitarian social philosophy, Mill suggested that social improvements are always possible. He thus proposed modifying a purely laissez faire system, advocating trade protectionism and regulation of employees’ work hours for the benefit of domestic industries and workers’ well-being. In such features he displayed a leaning toward socialism. In summing up his objective for this massive work, Mill said later in his Autobiography (1873) that he wished "to unite the greatest individual liberty of action, with a common ownership in the raw material of the globe, and an equal participation of all in the benefits of combined labour." For anyone with an interest in the history of economics or the history of ideas, this landmark work of classical economics makes for stimulating and in many respects still very relevant reading. |
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... employed in producing materials , on which industry is to be afterwards employed . This is , in many cases , a labor of mere appropriation ; extractive industry , as it has been aptly named by M. Dunoyer . The labor of the miner , for ...
... employed in producing materials , on which industry is to be afterwards employed . This is , in many cases , a labor of mere appropriation ; extractive industry , as it has been aptly named by M. Dunoyer . The labor of the miner , for ...
Сторінка 84
... employed profitably in B's occupation . It is as much capital as if it belonged to B. A is really a farmer or manufacturer , not personally , but in respect of his property . Capital worth ten thousand pounds is employed in produc- tion ...
... employed profitably in B's occupation . It is as much capital as if it belonged to B. A is really a farmer or manufacturer , not personally , but in respect of his property . Capital worth ten thousand pounds is employed in produc- tion ...
Сторінка 598
... employed in buying securities from persons who would have employed the purchase money in discounts or other loans at interest : in either case , it was a draft on the general loan fund . It is , in fact , evident , that unless savings ...
... employed in buying securities from persons who would have employed the purchase money in discounts or other loans at interest : in either case , it was a draft on the general loan fund . It is , in fact , evident , that unless savings ...
Зміст
Special Introduction | 23 |
Mills Preface | 29 |
BOOK I | 38 |
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acres Adam Smith advantage agricultural amount Arthur Young capital capitalist circulating capital competition condition considerable consumed consumption cottier cultivation demand desire of accumulation diminished duce duction East Flanders Economy of France effect employment England English eral exertion existing expense farmer favorable fixed flax France funds greater gross produce habits human hundred quarters improvement increase individual industry interest Ireland labor employed laboring classes land landlord less limited mankind manufactures manure material means ment métayer mode nature necessary nomical obtained occupation operations peasant properties peasant proprietors peasantry persons plough Political Economy Poor Law population portion possession present principle productive laborers productive power profit proportion quantity remuneration render rent require saving Sismondi slavery slaves small farms society soil subsistence sufficient supply suppose Switzerland taxes tenant tenure things tion tivate Tuscany unproductive wages wealth whole workmen